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A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition)
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
More Risk To Home Affordability : Friday's Jobs Report
Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release. Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage.
Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting
The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall.
Pending Home Sales Index Slips For 4th Straight Month
Nationwide, fewer homes are going under contract to sell.
New Home Inventory Keeps Sinking
Home builders continue to sell homes and work through inventory.
Detroit Leads All Case-Shiller Cities In Home Price Improvement
Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent.
The Government’s Revamped HARP Program For Underwater Homeowners
The Federal Home Finance Agency announced big changes to its Home Affordable Refinance Program Monday. More commonly called HARP, the Home Affordable Refinance Program is meant to give “underwater homeowners” opportunity to refinance.
Despite 18% Contract Failure Rate, Home Resales Stay Strong
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September’s Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide.
Mass. State Court Voids Home Sale Due to Improper Foreclosure
A Massachusetts man lost something he never had – his home. The Masachusetts Supreme Judicial Court ruled this week that when Francis Bevilacqua purchased the home from U.S. Bank in 2006, the bank did not actually hold the home’s title. The court ruled that because...
Finding Truth In September’s Housing Starts Report
Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.